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Share Name | Share Symbol | Market | Type |
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Millennium Silver Corp | TSXV:MSC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.005 | 0.005 | 0.005 | 0 | 00:00:00 |
Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that its wholly-owned subsidiary N. Harris Computer Corporation ("Harris") has reached an agreement to acquire substantially all of the assets of Municipal Solutions Group ("MSG") (TSX VENTURE:MSZ), including the shares of its wholly-owned operating subsidiary, Municipal Software Corporation ("MSC") (but excluding those assets which constitute MSG's "Local Government Manager" product). MSC is focused on the delivery of permits & inspections, planning & zoning, and code enforcement software solutions to municipal government clients throughout North America. MSC will complement Harris' growing land management solution practice with the addition of a market leading solution and over 125 customers. The transaction is expected to close in mid to late July and is subject to customary closing conditions, as well as approval by the shareholders of MSG, and receipt of all necessary stock exchange and other regulatory approvals. Harris has entered into an agreement with MSG's largest single shareholder (which shareholder owns approximately 52.2% of the total number of issued and outstanding shares of MSG) pursuant to which the shareholder has agreed to vote its shares in favour of the transaction. "This will be Harris' fifth acquisition in 2008," commented Bernard Anzarouth, VP, Mergers & Acquisitions of Constellation. "We are pleased with the pace that Harris continues to deploy capital." About Constellation: Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries. About Harris: Harris is a wholly-owned subsidiary of Constellation and is a leading provider of financial management and Customer Information Systems (CIS) software solutions. Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to all levels of local government, public power and water entities as well as school districts throughout North America. Harris' focus is on creating long-term relationships with our customers and ensuring that we meet the changing needs of our customers over time. For further information on Harris Computer Systems, please visit our website at http://www.harriscomputer.com, or call 888-847-7747. Forward Looking Statements Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Constellation or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date hereof. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements are made as of the date hereof and Constellation assumes no obligation to update any forward looking statements to reflect new events or circumstances.
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